Arguing that there is a temporary need for liquidity in colons, on October 26 the Central Bank of Costa Rica decided to participate in the secondary market by buying two different series from the Ministry of Finance, with a maturity of 9 and 10 years.
On April 13, 2020, the Board of Directors of the Central Bank of Costa Rica (BCCR) authorized its Administration to participate in the secondary securities market of the Ministry of Finance and defined the conditions under which these transactions would be executed, with the objective of mitigating situations of systemic tension caused by temporary liquidity needs in colones, informed the monetary authority.
In the first eight months of this year, transactions registered on the Nicaraguan Stock Exchange totaled $421 million, 122% more than reported for the same period in 2019.
According to figures from the Nicaraguan Stock Exchange (BDVN), between January and August 2019 and the same period in 2020, the amount of transactions in the stock market increased by $231 million, from $190 million to $421 million.
In the stock market, $43 million in stock documents were traded during January, which is 123% more than the amount reported for the same month in 2018, contrasting with the negative variations that have been registered since the political crisis began in April 2018.
The figures from the Nicaraguan Stock Exchange show that between January 2019 and the same month in 2020, stock market negotiations grew by $24 million, from $19 million to $43 million.
During the last three months of last year, $3.324 million was traded on the stock market, far surpassing the $558 million recorded in the same period in 2017.
During the fourth quarter, the most dynamic market was the primary, where 83.9% of the total volume was traded, and the amount traded in the fourth quarter of 2018 represented a little more than 6 times the value traded during the same period in 2017, reports the Central Bank of Nicaragua (BCN).
In 2018, the volume traded in the Panamanian Stock Exchange totaled $6.100 million, 15% more than the data reported in 2017, mainly because of the behavior of the primary market.
The increase in the volume traded in 2018 represents a recovery in the stock market, since in 2017 the stock market activity of the Panama Stock Exchange (BVP) reported a 28% decrease compared to 2016.
From June to November 2018, transactions registered on the Nicaraguan Stock Exchange totaled $316 million, 57% less than reported in the same months of 2017.
According to figures from the Nicaraguan Stock Exchange (BDVN), from January to May 2018, positive interannual variations were reported in the traded amount, however, for the period from June to November a downward trend has been registered.
Using a web platform with key information from all of the markets in the region and the Dominican Republic, Central American stock exchanges propose reviving the plan to create a truly integrated regional market.
Once again authorities at stock exchanges in Central American countries and the Dominican Republic have put back on the table the plan to integrate the stock markets in each each country into a single regional one.
Establishment Labs Holdings, dedicated to the manufacture of breast implants, issued $66 million in shares on its first day of trading on the Nasdaq stock exchange, in the US.
Representatives of the company reported that through the procedure called "pricing", last Wednesday the company sold 3,175,277 shares to investorsat a unit price of $18 dollars.
The Ministry of Finance is considering issuing up to $500 million in debt securities in the Chinese securities market, in order to take advantage of the lower borrowing costs offered by the Asian market.
The advantage is that, according to Minister Dulcidio De la Guardia, " ... after changing the money to dollars, it is possible that the country could reduce by a quarter or half a percentage point the rate it would need to pay for a bond in dollars with equivalent maturity."
In 2017, $2.494 billion was traded on the stock market, 34% more than the sum total of operations last year.
The Central Bank of Nicaragua reported that last year they observed in the stock market " ... the predominance of the national currency, representing almost 88% of total trades in different markets."
The volume traded on the stock market in 2017 amounted to $5.323 billion, 28% less than the amount traded during the previous year.
Despite the decrease registered, authorities and participants of the stock market see the performance in 2017 as positive, and attribute the decline to the fact that in 2016 there were extraordinary movements, caused by the participation of the government and some private sector companies.
The Costa Rican Stock Exchange is preparing a bond plan for companies that seek to finance renewable energy, agriculture, and waste management projects, among others.
The aim of the authorities at the National Securities Exchange (BNV), is to have the first issue of bonds of this type ready in the last quarter of 2018.The plan is to provide financing alternatives through the stock market for projects"... new or existing ones that qualify as green projects, that is to say, that contribute to mitigating the effects of climate change or adapting to them."
Protecting the rights of investors and minimizing systemic risk is part of the objectives pursued by the new law on the stock market in the Dominican Republic.
The Executive Power promulgated Law 249-17 that modifies the previous 19-00 of the Dominican securities market.
The Superintendent of Securities, Gabriel Castro González, "...
Between January and November 2017, the volume traded on the stock exchange was $43,153 million, 4% less than the amount traded in the same period in 2016.
According to figures from the National Securities Exchange (BNV), as of November of this year 78,836 operations were recorded for a total of $43.153 billion, 4% lower than the $44.911 billion transacted in the same period in 2016.
Between January and November, transactions on the Stock Exchange totaled $1.562 billion, accumulating an 11% growth compared to the same period in 2016.
Gerardo Argüello, general manager of the National Securities Exchange (BVN), told Elnuevodiario.com.ni that "... growth in the stock market is widespread, but he admits that the issues by the Central Bank of Nicaragua and the public sector have encouraged thisdynamism in the stock market."